FNE gave the green light to the purchase of Guallarauco by Coca-Cola and Embonor

The National Economic Prosecutor (FNE) unconditionally approved the purchase of the company Novaverde -dueña of the brand Guallarauco and owned by Inversiones Siemel, Angelini- group by the company owned by Coca Cola de Chile, Embotelladora Andina and Embonor

"It is recommended to approve outright the operation considering that it is not able to substantially reduce competition." precedes, without prejudice to the power of this prosecutor's office to continuously monitor free competition in the markets and to monitor closely the markets badyzed, "said the FNE in a report on the potential effects of buying on concentration of the market.

In January of this year, when the transaction was declared, it would reach 78.9 million US dollars – less net financial debt – and would be realized through the intermediary of Coca Cola del Valle New Ventures, an entity created by the bottling companies in early 2016 in which Coca Cola Chile holds 50%, Embotelladora Andina 35% and Embonor the remaining 15%